Topic: Sold my Bitcoin today - page 3. (Read 4956 times)

Yeah I wouldn't waste my time with FOMO coins that don't have anything of significance to bring to the blockchain table. Complete and utter waste of time. I wish it was possible to collect data on how many people burn themselves by following pointless trends in crypto.

I agree. It might have been a premature taking of profits. The exhale into altcoins may not be until the 2x fork as was the case in August.

It is very difficult to trade a phase transition vertical market.

Afaics, the only reason to trade into LTC/BCH in 2017 is an expectation of the failure of 2x because LTC is already 2MB (also with SegWit for SegWit believers who want to hedge) and BCH is 8MB without that insecure SegWit crap (other reasons may or may not become valid in 2018). So I doubt whether BTC has topped out yet before the fork.

However, it appears that $50ish may be resistance for LTC, so it is probably not a catastrophic error at this juncture. Probably $7000 - $10,000 upside on BTC before 2x.

Also I see the snapshot fot BTG may be Oct. 25, so perhaps he was not premature, but I think perhaps the bullishness continues until the 2x (non-)event.


Afaics, a FOMO pump at best and not long-term significant.

It adds nothing of long-term significance. Proof-of-work can never be truly ASIC resistant. Any proof-of-work algorithm that becomes economic to justify the capex to develop an ASIC will be put on an ASIC. I studied this issue. EquiHash is no exception.

However, it does offer a FOMO pump perceived resistance against any near-term SHA256 mining driven fork wars. So as BCH, SW, SW2x, and SW-theft (aka BTC-Satoshi) battle it out, then we have LTC and BTG as resistant to SHA256 and BTG as the one resistant to Bitmain perhaps (but doesn’t DCC own a huge GPU farm?). Aren’t we getting weary of this forkathon crap.

Also they premined some tokens for themselves, thus it is not a pure airdrop. It is thus  illegal securities issuance when they sell these tokens unless they can argue their ongoing efforts are no longer relevant to anyone’s profit expectation. And if there are no ongoing efforts, then what does that coin offer of any significance?

Essentially if Bitcoin Gold succeeds, then even Bitcoin has become infected with ICO forkathon fever. And thus Bitcoin becomes nothing but a forkathon altcoin itself. Nonsense.

At some point the market is going to weed out all the useless FOMO/copy+pastecoin shit, just like the Dot.com crash did. And then we’ll focus on where the value really is, i.e. the immutability of Bitcoin being what can make it a reserve currency of everything and even Central Banks will hold it.

As Warren Buffet said, “when the tide goes out, then we can see who wasn’t wearing underwear.”

I think it is a good choice, LTC have been on uptrend ( not as of now obviously)  , after BTG fork and dumping of it surely Altcoins will rise and LiteCoin will be surely one of it. Therefore we can assume that OP have been made a good decision on selling his bitcoin.

In my opinion I think this is the perfect time to sell bitcoin because we can see tomorrow if what happen in the hardfork, for now I was bothering because I don't know what happen this coming segwit I assume that bitcoin value were going into deep so I already sell my bitcoin. However if it is happen I buy a lot of bitcoin after hardfork to have a high investment in crypto currency industry.

Do not you think that it could have been a better idea to buy USDT instead, LTC is a good coin but if your play was trying to get into bitcoin once again, the most logical thing would have been to buy USDT instead if you did that you could enter the market right now and make profits that way.

Its good if you have sold your bitcoins at right time which gave you good profits on your investments as for me I don't have any plan to sell my bitcoins as I am expecting much higher price in the end of the year or in the beginning of next year so I will bring my coins out of my wallet only at time by then let them take rest in wallet.

   Your timing was perfect. I think trading with bitcoin is risky, I keep my bitcoins still.
Selling and buying back for lower price is good strategy, but I do not have good timing
like you do. I tried to wrote down my predictions and to see how good I am and every
time I missed it.
   It is not an easy task to trade with bitcoins, I do not dare to risk my bitcoins in that
way. Profit is good, but I try to not be greedy, I will stick with what I have.

I agree that price will continue to go higher in long term but if he have made good profits by selling his coins then I don't see anything wrong in it as everyone wants to make profits and he sold his coins because he was satisfied with the profit margin he was getting so its good to sell coins when its allowing you to make best profits.

If you wait more days for sure you will earn more some profit because the price of bitcoin today is already 6000 dollars. But for me even the price reach that I will not sell all my bitcoin because its better to wait more because my next target is 7k dollars this month 8k dollars this year and 10k dollars next year. And for sure if that happen I will earn a lot of profit. Litecoin is good to buy as of now and for sure you will earn profit if you hold that for few months.

i dont have any bitcoins right now. all my alt coins are deep down. i can't trade them. lucky are those holding bitcoins a month ago..

I sold my few bitcoins yesterday @6100 and today price has started to fall so I think that was the right decision made by me to sell at a right time and at a right price as if I would have waited for today then it would be decline in my profits.

And what happens now is bitcoin value higher than what you sell. I am also do same thing, instead selling when bitcoin still at $5.2K, a bit sorry.

What are the reasons on why you thought that bitcoin's price would decrease? Sure, there are many external factors to consider when speculating its price every month but it has to be backed-up by reasons behind your decision to sell them. Regardless, as long as you made profit out of your investment whether for short or long-term, it does not matter. Unfortunately, if you kept your bitcoins today you could have sold them for around $6000 each, adding that extra $300 to your profit but who knows that its price would reach that mark.

That is still a good decision if you are already satisfied with it and since you don"t want to risk and to assyre that you'll sell it with a high value. But at this moment, its balue is continuously increasing that already reached 6000$ and still continues. You may still invest and go along with the pumps to earn profit. If you didn't sell it early, your profit will be bigger but it's not too late too again, invest.

Why ? people are buying to get Bitcoin Gold. You made a big mistake in my point of view.

yes that is good that we should sell if we are getting good profit, but i think that it is expected that everyone will get bitcoingold after hardfork and that is the reason that most of the people are trying to hold their bitcoin. i think you should also wait for some time and hold your bitcoin. I think after hard fork it will be good if we can get some profit from bitcoin so as to sell it.

Right move taken at the right time and do not hesitate in selling your coins when you are making good profits from it as an investor our primary goal is to make good profits and nothing wrong in selling when you see yourself in position of making profits.

Yeah, I do think that flipping back into alts is the right move. Bitcoin Gold is a big gamble with little value but high risk.

There will always be a corrrection following such surges of price growth.

Even though price did went up another $200-300 per coin or so, i don't think the decision that you made was wrong, personally. You got a good price for your coins and altcoins are currently somewhat undervalued, and may bounce back soon.

Just need some luck mate.

There are alts that will climb faster than Bitcoin. It just isn't easy to identify them. But blindly holding Bitcoin until a given target isn't really worth it unless it's only a part of your portfolio (which should be the case).